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Crude Oil






8/25/2017 12:23:18 AM

Crude Oil - Technical Analysis: Friday, 25/08/2017 04:23 GMT



Crude oil price tested the important support 47.22 and kept its stability above it, to rise again and head towards our first waited target at 48.44, as the price gets positive support through RSI, waiting for more rise in the coming period.

Surpassing 48.44 will confirm extending the bullish wave to reach 50.42 as a next target, while breaking 47.22 will put the price under the correctional bearish pressure again.


Target
Risk


Support
Resistance


Trend Bullish

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